New Delhi: Indian Railways will set up a metro and rail coach manufacturing facility in Latur in Maharashtra on public-private partnership basis. The project is likely it entail investment of more than Rs 1,500 crore, a top rail ministry official said. The official said the investment and the number of coaches the facility will make is yet to be decided.
Maharashtra chief minister Devendra Fadnavis and railway minister Piyush Goyal met on Wednesday and, in-principle, approved setting up a rail coach factory in Latur, the official said. The facility will cater to the demands of metro coaches in cities across India along with the captive demand from coming from Indian Railways.
This plant would manufacture Electric Multiple Units for suburban trains and coaches for metros. Work on this project will be done on high priority with fast track processing of all approvals. Maharashtra government has offered several concessions, including in land and taxes.